USDCHF on Tuesday dropped -0.13% to 0.87880. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday-0.13%-11.4 Pips
Week to-date-0.2%-18 Pips
February2.02%174 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD GDP Annualized
Thu 08:00 AM CHF GDP (seasonally adjusted) (3-mth)
Thu 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
Thu 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in December dropped to 0.1% compared to previous figure 0.4, revised from 0.3% in November
🇺🇸 U.S. Durable Goods Orders in January dropped to -6.1% compared to previous figure -0.3, revised from 0% in December Source: Census Bureau

Latest from X (Twitter)


What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.13% to 0.87880. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87735 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88106 or trades above daily pivot 0.87921. Break above could target R1 at 0.88065. While to the downside, we are looking at 0.87735 (S1) and daily low of 0.87776 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87776 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

R30.88395
R20.88251
R10.88065
Daily Pivot0.87921
S10.87735
S20.87591
S30.87405

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